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This room needs no introduction. We're in the Oval Office and we're here to speak with President Trump
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about all the changes and improvements he's made to the White House. If you look at before and after photos, which
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I'm sure we'll put on the screen, the oval looked kind of drab before President Trump gave it a little bit of
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a makeover here. And we'll talk to him about all the changes he's made, some of these paintings he's added, the artwork,
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and then we'll go out and you're going to see the rose garden patio as well. I'm going all in.
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All right, besties. I think that was another epic discussion. People love the interviews. I could hear him talk for
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hours. Absolutely. He crushed your questions in a minute. We are giving people ground truth data to underwrite
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your own opinion. What do you guys think? That was fun. That was great. What's going on?
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This is the Oval Office for everybody. And I said I'd do this for David in the group. This is three outstanding people
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that really understand uh I guess you could say the world of Silicon Valley and beyond, way beyond. And we're very
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proud of what's happened. And David said to me, "Would you mind giving a little tour of the Oval Office because it is
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the most important office, I would say, anywhere in the world. People come, kings and queens and the biggest
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business people in the world, most important people in the world, and they they look at this and they say, "Wow,
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that's the Oval Office. They want time to digest it. And this is the new and improved Oval Office because I had
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little time and we did a lot of things that were good. Uh it had very few pictures. Now it has a lot of pictures
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and they came from the vault. Uh the vaults downstairs where they have thousands actually of pictures,
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beautiful paintings, some of them in the uh in the vault for over a hundred years. And we searched out and we got a
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lot. That's an original George Washington. Another George Washington as Abraham Lincoln, the original.
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And uh that's Ulysius Srant, his favorite general. And I would say a great general and a okay president,
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right? He gets higher marks as as a general. But these are all originals. That's an original George Washington.
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Also, we modernize it a little bit with FDR. That's a very important painting. FDR.
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Yeah. Did you pick these yourself? M I picked them all. Yeah, I picked them all. They were in the vaults for in some
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cases, I mean, not in the case of FDR, but in the case of many of them. They were in the vaults for many over a
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hundred years. Uh Thomas Jefferson, as you see, you look, we put a couple of non-presidents.
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Ben Franklin, I think, qualified, right? Absolutely. He was in your world a little bit. He was
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He was Treasury Secretary, but he was also pretty good inventor, right? He was he was a lot of things. So
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he certainly qualified. We have over here we have Ronald Reagan. We took from actually the lobby of the building. Put
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him up here. David Saxs has that same portrait. It's a good It's a good portrait. He's a
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great guy. This is Monroe of the Monroe Doctrine in the middle. And you have Andrew Jackson on the right and Thomas
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Jefferson on the left. And all great uh great paintings, all originals. Over here you have one of three. This is
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our big uh I guess it's sort of the star. It's been in the vault for close to a hundred years.
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This is uh it's incredible. Nobody wanted to put it up before you. Well, they wanted to and the people they
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weren't able to do it actually because you know the curators here have a lot of power and they can tell you no without
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saying no. And some of the I can tell you two of the presidents I know wanted it up and it never got up. But I think
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they liked me better. And part of it is it's very delicate the paper, right? And they, you know, the paper with the
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light and everything else. But you protect it with the curtains. What we do is if you pull that curtain,
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you'll see what happens. We just go ahead and pull it if you'd like. See that covers it up.
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So now it's protected from Yeah. Because the paper's very delicate, right? And that was the problem with
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getting it up. So we did that. We devised that. And but the curators, yeah, you can open it up again, I guess.
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But the curators made it difficult for a couple of people to get it up. I don't think they were going to let it come up.
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So they like me better. They know I take good good care of things. But this is a
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very famous bust of Lincoln. There's George Washington. It's an incredible place. Now many of these
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things this this I moved them here. You have uh Winston Churchill over here, you've Eisenhower.
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It's been an amazing place to work with. But what really is uh something very special is when you have people the
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biggest in the world. They walk into this office and they just want to look. Yeah.
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And we added a lot of 24 karat gold and it's very expensive and I think very beautiful. You know, when you look at
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the fireplace when you have a leader sitting on the one side and the other side and you look at what's behind with
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the lights beaming and that's all 24 karat gold and that's why it it just beams.
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Was it not gold before this was? No, it wasn't. They didn't have really any gold. They didn't have gold and they
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do now. There was actually a flat piece of marble there for a long time, but a flat piece
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of marble. And I just felt it was important for this office to take on a a look that's appropriate. It was uh the
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walls were painted, but it was still the Oval Office, by the way, but the walls were painted. Now the walls are much
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more than painted. So people have loved it. The leaders of other countries have loved it when they come in. and it's,
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you know, more representative of what it should be. Then we're doing fixups in the White House, too. Importantly, we
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have some floors that were very bad. We put in new slabs. I do this stuff. I like it because I basically I like real
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estate and I like building, but we've uh if you would do it, you can look up, but
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we put some marble floors over there that are incredible. What we can do today, the workmanship. Did you notice
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the floor as you walked by? It's a beautiful floor that was that had little on one by one tiles in it and now it has
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big slabs of white marble. Uh it's it's really beautiful. And as you know, we're
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going to be building a ballroom. Uh for 150 years, they've wanted a ballroom at the White House. When a dignitary, a big
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dignitary, the head of China, the head of any country you name would come over, they would uh build a tent in the lawn.
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And if it rained, it was a big problem. It was a big problem. But they just put a big tent on the lawn. Now we're going
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to have a a worldass ballroom, beautiful ballroom which is built right on the other side by the east room. So I think
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uh we've done a real job and most importantly we have a great economy. We have a lot of people working and we have
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an industry that you guys are very much leading. The job you have is very important but you're leading it and I
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think it's going to be maybe maybe the most important industry of them all. What do you think about that?
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Absolutely. Yeah, I think so. Right. Yeah, absolutely. And we're very honored for the tech industry to be the first
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one that you've brought to do a rose garden dinner. That's right. This the first one. And
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that's right. We're doing a rose garden dinner. I think what we'll do is we might move it cuz it's a little rainy.
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Of course it is. But and actually it's a little bit easier to talk inside also. So we're
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going to have a good group. But it's uh that's your rose garden. So the rose garden would
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we, as you know, had grass and you couldn't have any you couldn't do anything. You couldn't do press
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conferences. All of the things that you like to do, you couldn't do it. And we put beautiful stone, white stone down.
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And now we can have all sorts of things, including they can have dinners at the Rose Garden, etc., etc. So, senators,
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congressmen, and women can come over. Was there push back? There was a little bit of push back.
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You know what? Very little, I tell you. I thought there'd be a lot. Uh, very little. It's done, and it's complete,
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and people love it. You know, they love the look of it. It looks good. It looks actually I think better. Problem with
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the grass you couldn't do anything with it. You'd have a press conference. I know uh Prime Minister Modi was here
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from India and recently and he was uh trying to give a press conference. Everyone was the women with their high
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heels were it was not a pretty picture. Tears are all uneven on the ground. It was a fun. It was a little bit tough.
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Did you find the crack, sir? Was it you that found the crack? And then it was incredible. We had uh we had but
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look it was it was beautiful but it's I think it's more beautiful now and you can we can use it.
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What was the motivation for the ballroom? Mr. President, well they've just wanted a ballroom and
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I know for a fact cuz you know I've been here now a long time and uh when you have a big dinner, you can't really have
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a dinner here without putting up a tent and a tent is not appropriate for what we do even from a security standpoint.
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So, uh, I said in the first term, I'd love to have a shot because I'm going to get them a beautiful ballroom. And
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that's what we've done. But you really want it so that you have a lot of big events. You have a lot of events that
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aren't necessarily for the heads of state. They're just big events for AI or for something
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and you want to have a lot more seats than they have. You just didn't have. We have beautiful rooms, but we don't have
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big rooms in the White House. So, now we're going to have a big room. We're going to have a beautiful
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ballroom. How long till it's done? couple of years. It'll take a couple of starting in about
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two weeks. Oh, wow. Breaking two weeks. It's gonna be It's going to be great. It's going to be top of the line.
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I I heard you had the plans on your desk. Is that true? Is that I do. I just took them off because uh in
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tribute to you guys. I don't want to look a little messy, but I know I've had the plans and it's a great It's right
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facing the Treasury Building and facing the Washington Monument. You have a view
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of everything. You have view of the White House. We have views on all four sides. Beautiful. It's going to be
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great. What do you call the new Rose Garden? Is it still called the Rose Garden?
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Well, they're calling it the Rose Garden Club. The club, but it's just uh a place where people
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can have dinner now, which you couldn't have done before. We have uh beautiful kitchens and the White House will use
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them. But I think senators, congressmen, congresswoman, they're going to come over and they're going to enjoy it. And
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maybe we'll let Democrats come too because, you know, it might bring people together. That'd be nice. If it brought
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people together, that would be nice. So, but it's great to have you at the White
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House. It's great to have you in the Oval Office and have a good show. Keep your show.
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Thank you, sir. And, you know, I I thought it would be more interesting for our audience to see this the side
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of you because I've talked to some of the tour guys of the White House and they're always saying that you walk
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around and you give notes to the landscapers, the gardeners to fix things and you pick out all the paintings
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yourself. And I don't know if people know how conscientious you are about the White House, how much you care about the
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White House, how much you care about the history, and you want to make it as beautiful as possible. And you've made
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it even more incredible than it already was, like no other president. There's an incredible video clip, sir.
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It's like the day after you were reelected, maybe like a few days after, and you were in Mara Lago, and you were
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walking with the grounds person with a notepad. Yeah. And you were pointing to the all of
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these little things, and it was like the most incredible thing because it's like
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this attention to me is wonderful. Well, we've done a lot. The White House was it needed some love.
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You think it got it with Biden? I don't think so. You think he does this? Do you
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think he says that marble's not looking good? We have to replace that marble. No, he doesn't do that. But, uh, we have
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a great administration going. We have, and you're a big part of it. Uh, but we have a great administration. We have a
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country that's doing really well. And leading in AI is an honor. And then we're going to keep leading, too. We're
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going to be doing something that I'm proud of. I said, you know, you need massive amounts of electricity, as you
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people know better than anybody. And I'm allowing the people that are building to
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build their own electric plants, which nobody thought Yeah. would happen. And I sort of think that
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was my idea. You can't go into the old grid. So they could build the most magnificent electric uh producing plants
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almost becoming a utility. Yeah. And if they build more than they need, they can sell it back into the
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grid. Put it back into the the grid, which is good. So, you're going to see some tremendous plants going up. They've
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already started, as you know. But they're building with that. They're building electric producing facilities.
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So, it's going to be great. I think that made a big difference. Don't you think if we didn't do that?
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Totally. They couldn't hook it to an old grid. Absolutely. I don't know if anybody's told you, but
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we had dinner with Senator Crapo yesterday. Yes. He said this incredible thing when the CBO originally priced the
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big beautiful bill. They thought it was minus3 trillion. They just updated it because they have to. And it's actually
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a surplus. Oh yeah. It's like 300 billion. It's an incredible thing. Well, we're taking in hundreds of
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billions of dollars worth of tariffs. Yeah. The money is coming in at levels that
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nobody ever thought possible. You know, they gave us no credit for that because it was never done before. And now the
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numbers are much higher than anybody ever thought. 600 billion from Japan, 90% to America
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of the profits, 950 billion from the European Union, uh 350 billion from South Korea. No, the
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numbers are the numbers are incredible. And and frankly, I could have done more if, you know, I wanted to take it nice
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and easy. I didn't want You did a great deal with Intel recently, so you're putting the balance
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sheet to work, which I think is really The balance sheet is going to be great. The country is We're really doing well.
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uh we have to maintain it. We have to be smart. AI is a big factor. But we have all the car companies coming back in
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with their plants. You know, we lost almost 60% of our car producing if you go back 40 years. We made all the cars
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and now we don't make close to all. And we may be at a higher level than we were
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40 years ago by the time the car companies just like AI. The car companies are coming back. Factories are
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coming back because they don't want to pay tariffs. Yeah, you know, they like me, but they don't
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want to pay tariffs. And so, we put together an amazing thing. They're coming they're leaving
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from all other countries. They're coming here. They're they're building massive plants. Plants the likes of which we've
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never seen at the auto plants. Uh, and the union, the auto union, they love Trump. They got it right at
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the beginning and they voted for me. But, uh, their vote is now well justified. But the auto companies are
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building unbelievable numbers of plants and big ones. And one thing I want to add on AI, sir,
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is that this investment that you're basically triggering is going to benefit all Americans, not just Silicon Valley
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companies. When we were in Pennsylvania and you announced $92 billion of investment, they had people from the
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trades there, construction, electricians, carpenters, uh the fracking industry, coal, nuclear,
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everybody. So, this is going to be a broad-based uh boom uh with AI. It's not just going to benefit a handful of tech
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companies and uh that's thanks to your leadership stimulating all that investment. You got TSMC to invest
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hundreds of billions in the US. That's really important. We're going to bring chip manufacturing back to the US
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thanks to that. It should have never left. If you had a president that knew business or
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understood what they would, you just never really did. Yeah. You never no matter who we all like
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certain presidents, but they never understood. uh you wouldn't have Taiwan right now. They would have said, "No,
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you want to build in Taiwan, you're going to have to pay a 200% tariff and nobody would have left." And you would
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have had Intel and the ones that were doing so well originally, uh they would have, you know, they would have been
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supreme right now. They would have been at a level like you've never seen. And that's what's happening. I mean, they're
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all coming back. You see that? Yeah. They're coming back from all over the world for chips and for cars and for
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everything, every aspect. And if you get rates down, which I think it'll start too late is he'll for
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too late is not too late. Too late. Too late doesn't know what the hell he's doing. But
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we talked about that. Good old Too late. Oh, he's so bad. It's so pathetic. But anyway, he's too late.
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That's I mean, he was always too late. He was always too late. But uh rates are coming down anyway. I
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mean, this is bigger than him. As crazy as it sounds, it's bigger than him and big bigger than a stupid person running
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the Fed. Yeah. It's uh so big that in fact you see actually interest rates are starting to
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go down on of their own valition. But if we would have had a little help from the
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Fed, the one thing that was is slowed down because of him is housing. Yeah. And that'll catch up very quickly
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because that's the least of it. But uh this is just much bigger than really the Fed in in the sense of having somebody
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that's incompetent running it. Well, you mentioned I remember this I think it was like two months ago we had
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dinner and you said very you're very sensitive to the exchange rate and it turns out that what you said actually
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happened which is the exchange rate has completely stabilized despite all these other fluctuations. The dollar has held
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up. Dollar held up. The dollar's held up and uh honestly everything's held up. It's really working.
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Uh no inflation. They said, "Oh, tariffs will cause inflation." They were They've
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been wrong about everything. And absolutely these guys, and for the most part, they've admit they've said, you
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know, Trump was right because we've taken in hundreds of billions of dollars at levels that nobody's ever seen taken
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in. Yeah. And so we've taken in all this money and there's been no inflation. It's just been hard, I think, for them
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to admit it because it's not that you were right, you were very right. That's the, you know what I mean? Like
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even right after Liberation Day, remember they tried to create this panic in the market. The market went down
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because it created so much fear. You called them panic and you were right. It all bounced
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back. No, you called there's a tweet you called the absolute bottom. You posted on truth social, this is a great day. It
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was literally the bottom and it's gone straight as I said start in this is a great day to invest.
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Exactly. I hope a lot of people followed it. A lot of people did, I guess, because you
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know, you see what's happening in the market. No, it's been it's been a great uh thing to watch. They had 71
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economists and they put me in that group and I just myself and one other person were right. Everyone else was wrong. But
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it's it's even more more than anyone ever thought of that. Were you thinking something or were you seeing something?
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This is No, I just felt it was low. I just felt it was low. I It's more instinct, I think, than maybe anything
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else. certain amount of brain power but instinct maybe is more important in some
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cases but I've had an instinct and my instinct has been for a long time this is what the country has to do you know
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this is what happened to us other countries were doing this to us but we are in a position where we can do it
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better much better nobody is able to do what I'm doing now with this so the tariffs are a big part I think the
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spirit's a big part we have great spirit you look at what we did in Iran you look
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at that beautiful B2 Right. Unbelievable. That beautiful plane. I have it around
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here someplace. Look at this. This thing what what that did. How that flew in there, dropped those
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bombs. Everyone hit perfectly and then they said, "Scadattle, get out of here." And they got out. No, it's great. We
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just ordered a lot of the brand new model of that. Just ordered quite a few of them. How do you solve the the
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government waste, fraud, abuse, the spending and the outlook for fixing the the spending problem in
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Well, we're going to do that. I mean, that's going to be next, but you know, we're fixing another problem where the
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numbers are going very high. The numbers, you're going to see some numbers that are going to be
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astronomical when these plants start opening. You know, we have a lot of construction jobs building, but when
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these plants that you guys are so in love with, they start opening. Nobody's ever seen plants like this. Nobody's
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ever seen. When you hear about a 50 billion dollar plant, 50 billion, 50 million is a big plant by
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the old standard. Right now, you're talking about 50 billion when they open and they're all chock
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full of jobs and everything else. You're going to see things that are really amazing.
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And the tax cuts haven't even gone to effect yet. a number of some of the for for the tech industry the R&D
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uh treatment where you can depreciate R&D now in the same year instead of spreading it out over 30 years
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including structures and that's a big one but no tax on tips no tax on social security no tax on overtime so the
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workers want to work overtime they don't get the tax that they would normally have to get and that sort of stops it
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from happening no we have a a tremendous thing going and it's an honor to have you with us
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thank you sir thank you very Thank you, sir. Thank you. To be here as always. Thank you very much. Thank you very
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much. Thank you, sir.